Karachi: Thatta Cement Limited has scheduled its Annual General Meeting (AGM) for October 15, 2024, where the election of directors will take place, as disclosed in a recent notice. The meeting, set at Karachi, will involve the election of seven candidates who have expressed their desire to serve on the board.

According to the company's announcement, the individuals nominated for election include Khawaja Muhammad Salman Younis, Kamran Munir Ansari, Naheed Memon, Saleem Zamindar, Noor Muhammad, Alamuddin Bullo, and Shaista Bano Gilani. The number of candidates aligns with the board's fixed number of directors under Section 159(1) of the Companies Act, 2017, suggesting that these candidates will be appointed directly at the AGM without contest.

According to information available from the Pakistan Stock Exchange (PSX), Thatta Cement has been preparing for this governance transition amidst a broader strategy to strengthen its leadership and corporate governance. This election follows the procedural requirements set out by the company's governance framework, ensuring transparency and adherence to regulatory standards.

The forthcoming AGM and director elections represent a significant step for Thatta Cement as it continues to navigate through market challenges and capitalize on growth opportunities. The appointment of these directors is expected to bring fresh perspectives and expertise to the board, supporting the company's ongoing initiatives and strategic development.